Former President Trump is open to the idea of JPMorgan Chase CEO Jamie Dimon serving in his Cabinet if he wins a second term in the White House.
"I have a lot of respect for Jamie Dimon," Trump tells Bloomberg in an interview published Tuesday. When asked whether Dimon could be his next Treasury secretary, Trump responds, "He is somebody that I would consider, sure."
JPMorgan declines to comment on the report.
Trump has been critical of Dimon in the past, most recently last year, when he refers to the JPMorgan boss as a "Highly overrated Globalist" on his Truth Social platform.
Dimon, like many other corporate executives, condemns the Jan. 6, 2021, attack on the U.S. Capitol by Trump supporters who attempt to prevent Congress from certifying the results of the 2020 elections that Trump lost to Biden.
However, Dimon has recently praised some of Trump's positions and policies.
"Take a step back, be honest. He was kind of right about NATO, kind of right on immigration. He grew the economy quite well. Trade tax reform worked. He was right about some of China," Dimon tells CNBC earlier this year. "He wasn't wrong about some of these critical issues."
In the same Bloomberg interview released Tuesday, Trump says he would allow Federal Reserve Chair Jerome Powell to finish his term at the helm of the central bank if he wins the November election.
Although he was nominated to lead the central bank by Trump in 2017, Powell faced relentless criticism from the former president, who repeatedly threatened to fire the Fed chief and admonished him as a "bonehead" for raising interest rates.
July 18, 2024
More Articles
US – Fed Preview: Hawkish Cut is the Consensus Choice
Markets are pricing next week's 25bp cut to policy rate target as largely done deal but 2026 outlook for both rates and liquidity remains less clear.
What Bubble? Asset Managers in Risk-On Mode Stick With Stocks
There’s a time when investments run their course and the prudent move is to cash out. For global asset managers that time is not now.